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19th April 2024
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Yearly Archives: 2013

BBC Money Box: Cyprus property troubles

Earlier today, the BBC Radio 4 program 'Money Box' reported on the problems faced by many British people who purchased property in Cyprus with loans denominated in Swiss Francs.

Nightmare slump in sales continues

Less than three weeks after Cyprus was hailed as the world's weakest housing market, the nightmare slump in property sales continues according to the latest figures from the Land Registry.

Banks may need a further 1.5 billion Euros

According to a report by Moody's Investor Services, Cypriot banks and cooperatives may require some €1.5 billion on top of the €2.5 billion of EU support funds earmarked for the banking sector.

More arrests in property scam

Communist party AKEL has become embroiled in a property scam following the arrest of two members of its politburo alleged to have been involved the sale of Turkish Cypriot owned land.

When will they ever learn?

The emerging Chinese market is being put under threat from the "appalling practices" of those in the real-estate sector according to the general secretary of the Chamber of Commerce and Industry.

Free Swiss Franc loan seminar in Birmingham

Birmingham City Football Club is the venue for a free seminar planned for Sunday 20th October for those who have bought property in Cyprus with loans denominated in Swiss Francs.

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